Barclays PLC Has $256,000 Position in Innovid Corp. (NYSE:CTV)

Barclays PLC grew its holdings in Innovid Corp. (NYSE:CTV) by 283.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 142,422 shares of the company’s stock after buying an additional 105,269 shares during the quarter. Barclays PLC owned approximately 0.10% of Innovid worth $256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in Innovid by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,433,158 shares of the company’s stock worth $4,380,000 after acquiring an additional 184,309 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Innovid by 2,993.1% during the second quarter. Bank of New York Mellon Corp now owns 314,599 shares of the company’s stock valued at $582,000 after purchasing an additional 304,428 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Innovid by 3,951.8% during the second quarter. Rhumbline Advisers now owns 116,893 shares of the company’s stock valued at $216,000 after purchasing an additional 114,008 shares during the last quarter. State Street Corp increased its holdings in shares of Innovid by 12.6% in the third quarter. State Street Corp now owns 1,188,183 shares of the company’s stock valued at $2,139,000 after purchasing an additional 133,281 shares in the last quarter. Finally, FMR LLC raised its position in Innovid by 590.2% in the 3rd quarter. FMR LLC now owns 15,413 shares of the company’s stock worth $28,000 after purchasing an additional 13,180 shares during the last quarter. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Innovid Stock Performance

Shares of Innovid stock opened at $3.09 on Tuesday. Innovid Corp. has a 52 week low of $1.25 and a 52 week high of $3.40. The stock has a market capitalization of $458.03 million, a price-to-earnings ratio of -34.28 and a beta of 3.26. The firm has a fifty day moving average of $2.87 and a two-hundred day moving average of $2.20.

Analyst Ratings Changes

A number of brokerages have commented on CTV. Citizens Jmp cut Innovid from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Needham & Company LLC reiterated a “hold” rating and issued a $3.00 price target on shares of Innovid in a report on Friday, November 22nd. Finally, JMP Securities cut Innovid from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2.83.

About Innovid

Innovid Corp. operates an independent software platform that provides ad serving, measurement, and creative services. It offers advertising services for the creation, delivery, and measurement of TV ads across connected TV, mobile TV, and desktop TV environments to advertisers, publishers, and media agencies.